Hey everyone,I've read a ton of posts surrounding the subject of LLCs and quite of a few of them with specificity to hotels, motels, etc. That said, most involve single owners so that's why I'm creating this thread. I...

I'm in Houston TX area.  I have 3 real estate businesses I started 3 years ago. 1)  Sole proprietor Fix and flip business: doing 15+ properties per year all cash with 6 to 9 properties in inventory.  2) Sole proprieto...

How many bank accounts do you have for your real estate investing? I am trying to decide if it is better to keep each place in a separate account or if that would be unwise?

Thanks,

Shawn

Hello everyone,I have my first rental property already rented and I am looking for the next one, but I'm wondering how everyone manages money? Like day to day income/payments, and what systems are good to get set up? ...

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Hello everyone,I am having trouble getting answers regarding a split use property that I am about to purchase. The property only has one house number and per appraisal is a single family residence. However, there are ...

Hi BP Community - I have an offer out on a fully occupied brick 4-unit building in Maine and would like BP's opinion on the deal. This is my first one, and I feel pretty good about my analysis, but I always appreciat...

Hi All,My partner and I have started our businesses flipping homes. We have our main LLC (call it LLC-1) and then each property we purchase and flip gets their own LLC (for risk reasons). We have a general loan for al...

I recently converted to Quickbooks Online for 2 main reasons: 1) peace of mind in case my computer decides to crash 2) may eventually hire a virtual bookkeeper so thought online would be easier.  I thought I could jus...

Somebody please help clarify the difference for me…I think a half plex is where the 2 units are owned separately…is that accurate ?